S.L. 415.1 Art. 10Validity of tariffs. 10 [

(1) An approved tariff shall be effective until such time as a new tariff is approved.

(2) Not less than six months and not more than eight months before the lapse of the period of two calendar years from the date when it was published in the Gazette, the collective management organisation shall submit the tariffs for the next two years to the Board, which will consider them according to the following conditions:

(a) if the proposed tariff is identical to the previous tariff, it will be approved by the Board: Provided that if any objections to the tariff have been filed with the Board in the preceding two years, the Board shall permit the collective management organisation to reply to the objections, and after due consideration of the objections and relevant replies, the Board shall as soon as practicable approve or refuse the proposed tariff;

(b) if the proposed tariff includes revisions to the previous tariff, the Board shall treat it according to the S.L.415.01 ADMINISTRATION OF COPYRIGHT

provisions of regulations 9(1) to (3) relating to tariffs.